Does this sound like the old "better to be Red than Dead" resignation of some during the dark 50s and 60s?
Do you ever consider why we evolved INTO all these rules and regulations?
You only have to look back less than 10 years for the most recent example that decimated untold thousands of people. You want to return to 2008, do you?
And not only banking..... Acid rain, asbestos, tobacco, automobiles before Nader, labour exploitation, and on and on. If business were willing to be ethical and clean up after themselves, .... yes...we would not need regulation. They aren't and don't, and they need to be chased every step of the way. Regulation of those things is what makes Canada "a nice place to live".
Take them away, and you have just another ugly country of the rich exploiting the poor, in a long list.